Forex Daily Forecast, Analysis and Prediction

The S&P 500 recovered quite a bit during the trading session on Wednesday, after selling off drastically on Tuesday.

The US dollar has initially pulled back against the Japanese yen during the trading session on Wednesday but found enough support at the ¥108.50 level again to turn around and bounce.

The NASDAQ 100 has fallen initially during the trading session on Wednesday but turned around to recapture the losses from the previous session.

The British pound broke out during the trading session on Wednesday, slicing through the $1.30 level finally.

The West Texas Intermediate Crude Oil market rallied rather significantly during the trading session on Wednesday, reaching towards the $58.50 level.

Gold markets initially tried to rally during the trading session on Monday, but then on Wednesday turned around to show signs of exhaustion

Ethereum reversed its advance and the bearish environment remains dominant; cryptocurrency traders should expect more downside to follow.

USDJPY: Consolidating below 109.00

Bitcoin: Bearish trend line, but higher lows show mixed picture

Natural gas markets initially tried to rally during the trading session on Wednesday.

Bitcoin initially tried to rally during the trading session on Wednesday but gave up gains again closer to the $8000 level.

GBPUSD: Long-term bullish breakout above 1.3000

EURUSD: Bullish consolidation above 1.1068

Economic data out of the US continues to disappoint and paints a weaker-than-priced-in economy.

As the Bank of Canada kept interest rates unchanged at 1.75%, in a move widely expected by markets, the Canadian Dollar rallied; according to the central bank, the global economic expansion remains intact.